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902 New Hvn Ave Melbourne, FL 32901-5439

OFF-MARKET Strip malls Google Maps
12,592 SF 0.14 ac lot Built 1945
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$1.55M
Range $1.39M – $1.70M (±10%)
Property ID US18-4982667

Property summary

AI-generated overview

This exceptional special-purpose property, located at 902 E New Haven Avenue, Melbourne, FL 32901, presents a unique investment opportunity. Built in 2003, this turnkey salon boasts a strong client base exceeding 10,000 satisfied customers and generates a substantial annual income. The sale includes a favorable lease, all furniture, fixtures, and state-of-the-art equipment. The well-appointed space features six styling chairs, four treatment rooms, a dedicated nail tech area, and pedicure chairs. The existing stylists are eager to continue, ensuring a seamless transition for the new owner. This is an ideal acquisition for both aspiring entrepreneurs seeking a ready-made business and established business owners looking to expand their portfolio. The property's prime location in the heart of Melbourne, Florida, contributes significantly to its ongoing success. This is a rare chance to acquire a profitable, established business with a loyal clientele and significant growth potential. Don't miss this exceptional opportunity to own a thriving salon in a desirable location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,592 SF
Lot 0.14 ac (6,098 SF)
Zoning code C3
APN 28-37-03-FD-00020.0-0007.01
UPID US18-4982667

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.02M
Blend (final) Blend
$1.55M

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2010
Price N/A
2004
Price N/A

Zoning & alternative use

C3 · Melbourne, FL
Zoning description

This district is intended to apply to the central commercial, professional, financial, governmental and civic core of the city. Lot and building regulations are intended to permit intensive development of the area and to…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Office building $2.2M +27.6%
Retail stores $2.2M +25.3%
Medical building $2.0M +16.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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